Acc grills basic bank ex-chairman over loan scam _ theindependentbd.com u s anti money laundering laws

An investigation by the ACC, however, said no involvement of bachchu was found. The ACC also did not put his name as an accused in the 56 cases filed over the massive graft.

In february 2016, finance minister AMA muhith claimed the investigation into BASIC bank had found evidence of bachchu’s roles in frauds tied to loans, appointment and promotion. In august, the supreme court’s appellate division expressed its anger that bachchu and the directors had not been named suspects in loan frauds and money laundering.

Earlier on sunday, ACC public relations officer pranab kumar told journalists that the former basic bank chairman would be interrogated today. The ACC also questioned two former directors of BASIC bank over the loan fraud on sunday. Bank directors anwarul islam and anis ahmed were grilled for one and a half hours from 10:30am on sunday as part of the latest interrogation by the ACC that started on nov 22.U s anti money laundering laws

With today’s interrogation, the graft watchdog has grilled 10 former directors and the chairman of the bank so far over the massive loan fraud.

The ACC opened an investigation into the state-run BASIC bank after allegations that tk 35 billion in loans had been illegally disbursed from the gulshan, dilkusha and shantinagar branches between 2009 and 2011. BASIC bank is accused of disbursing loans without collateral and using false documents and fictitious names and organisations in violation of the rules and regulations.

About four years later, the ACC started 56 cases with three police stations in dhaka, accusing 156 people including 26 bank officials. However, the ACC claimed they had not found any evidence of bachchu’s involvement.

The parliamentary standing committee on the finance ministry was unhappy with the ACC findings and the central bank opened a separate investigation into the matter.U s anti money laundering laws

KK

The anti corruption commission (ACC) yesterday interrogated former chairman of BASIC bank sheikh abdul hye bachchu over the embezzlement of tk 5,000 crore in loans in the bank. The interrogation began around 9:30 am yesterday at the anti-graft bodys headquarters in segunbagicha of the capital.

ACC deputy director and public relations officer pranab kumar bhattacharya confirmed the matter and said a 12-member team led by ACC directors zayed hossain khan and syed iqbal hossain carried out the questioning.

After coming out of the ACC headquarters around 1:45pm, the former basic bank chairman told reporters that the cases are under investigation and he cooperate with the probe and face any questioning again, if asked.

Sheikh abdul hye bachchu, a former jatiya party MP, was appointed chairman of the bank in 2009 and resigned in 2014 amid pressure following reports of massive fraud in the bank operations.U s anti money laundering laws an investigation by the ACC, however, said no involvement of bachchu was found. The ACC also did not put his name as an accused in the 56 cases filed over the massive graft.

In february 2016, finance minister AMA muhith claimed the investigation into BASIC bank had found evidence of bachchus roles in frauds tied to loans, appointment and promotion. In august, the supreme courts appellate division expressed its anger that bachchu and the directors had not been named suspects in loan frauds and money laundering.

Earlier on sunday, ACC public relations officer pranab kumar told journalists that the former basic bank chairman would be interrogated today. The ACC also questioned two former directors of BASIC bank over the loan fraud on sunday. Bank directors anwarul islam and anis ahmed were grilled for one and a half hours from 10:30am on sunday as part of the latest interrogation by the ACC that started on nov 22.U s anti money laundering laws

With todays interrogation, the graft watchdog has grilled 10 former directors and the chairman of the bank so far over the massive loan fraud.

The ACC opened an investigation into the state-run BASIC bank after allegations that tk 35 billion in loans had been illegally disbursed from the gulshan, dilkusha and shantinagar branches between 2009 and 2011. BASIC bank is accused of disbursing loans without collateral and using false documents and fictitious names and organisations in violation of the rules and regulations.

About four years later, the ACC started 56 cases with three police stations in dhaka, accusing 156 people including 26 bank officials. However, the ACC claimed they had not found any evidence of bachchus involvement.

The parliamentary standing committee on the finance ministry was unhappy with the ACC findings and the central bank opened a separate investigation into the matter.U s anti money laundering laws

KK